A standard, no-recourse mortgage contract does not adjust when the value of the underlying collateral falls … equilibrium minimum mortgage rate by 90 basis points. The volatility of net cashows to financial intermediaries also increases …

Authority (FSA) has identified mortgage amortization requirements as a potential instrument for reducing indebtedness; and has …Since the mid-1990s, many OECD countries have experienced a substantial increase in household indebtedness. Sweden, in … drafted guidelines that will intensify the rate and duration of amortization. In this paper, I characterize Swedish …

Excessive household borrowing has been identified as an important determinant of financial crises. Borrower … macroprudential supervisors since 2017: a cap on the loan-to-value (LTV) ratio and an amortization requirement, but none of them has …-based instruments to be evaluated ex ante. The simulation is based on microdata from the German Panel on Household Finances (PHF) and is …

bankruptcies (countercyclical and very volatile). Using a growth model with household heterogeneity in earnings and assets with … household earnings growth accounts for these properties, albeit not for the large volatility of credit. We find that tilting … household consumption towards goods that can be purchased on credit and a slight countercyclicality in the terms of access to …

) countries and also broken down by the age group of the household head. We find that pre-retirement households (households with a …

House prices have increased significantly in Canada over the past decade, driving household debt and residential … construction activity to historical highs. Although macro-prudential tightening has slowed the pace of household borrowing in the … government backing of the mortgage market. Nonetheless, the dominance of the crown corporation CMHC in the mortgage insurance …

that mortgage path violates a new amortization requirement, the household can still achieve its preferred mortgage path …Debt amortization requirements have been suggested as a way to reduce household indebtedness. However, a closer look … than less. Suppose that a household plans to finance a given housing purchase through a preferred future mortgage path. If …

. While stricter LTV limits are often considered as a measure to tackle the rise in household indebtedness, I find that policy …